There's no knight in shining armor coming to rescue this company, so all the rumors are just what they are BS. At most what you might see is someone buying out the trademarks, TRU owns KBToys, eToys.com and lots of others. It could be feasible to keep .com going but honestly, that whole platform is a mess. Sportsauthority.com points to d---s sporting goods now.
Toys had its chance to diversify outside of its core but senior management mostly just crapped on the ideas.